FG Unveils Personal Income Tax Calculator Under New Reform Laws
The administration of President Bola Ahmed Tinubu has launched a Personal Income Tax Calculator to help Nigerians estimate their taxes under the recently signed tax reform laws and compare them with the existing regime.
Tinubu announced the initiative on his official page on X (formerly Twitter) on Thursday night, describing it as a tool that will promote transparency and fairness in the nation’s tax system.
According to the President, the calculator is designed to “show clearly how these reforms protect low-income earners, ensure progressivity, and simplify compliance in order to deliver a transparent system that works for all.”
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The development follows Tinubu’s assent to four tax reform bills, which overhaul Nigeria’s tax framework and are expected to take effect from January 2026. The President explained that the new laws are aimed at ensuring equity, protecting vulnerable groups, and fostering true redistribution within the economy.
How to Use the Personal Income Tax Calculator
To calculate personal income tax and compare it with the existing tax system, users are advised to:
Visit the calculator platform at https://fiscalreforms.ng/index.php/pit-calculator/
Enter gross annual income.
Input annual contributions for the National Housing Fund (NHF), National Health Insurance Scheme (NHIS), and Pension.
Provide details of loan interest on an owner-occupied house.
Enter life insurance premiums and annual rent.
Click on “Calculate PAYE Tax Comparison” to view results.
The launch of the tool is part of the government’s wider efforts to build public trust and ease compliance with Nigeria’s evolving tax policies.
By PRNigeria
